Private sector lender Federal Bank has joined the trend of increasing interest rates amid rising interest rates on bank fixed deposits (FDs). After the amendment, Federal Bank increased interest rates on select periods. The bank today announced the revision of interest rate on June 22, 2022. At present, the bank is giving interest rate from 2.75 percent to 5.75 percent for general public and 3.25 percent to 6.40 percent for senior citizens. 100% during maturity.
Federal Bank FD Rates 2022
The bank increased the interest rate on fixed deposits maturing in 7 days by 10 basis points from 2.65 per cent to 2.75 per cent. The interest rate on deposits maturing in 30 days to 45 days has been left untouched at 3.25 per cent. Federal Bank will continue to offer an interest rate of 3.65 percent on deposits maturing in 46 days to 60 days, and 3.75 percent on deposits maturing in 61 days to 90 days.
On fixed deposits maturing in 91 days to 119 days and 120 days to 180 days, the bank will continue to offer interest rates of 4.00 per cent and 4.25 per cent respectively. The interest rate on fixed deposits payable in 270 days from 181 days has increased from 4.50 per cent to 4.60 per cent, an increase of 10 basis points. The interest rate on deposits maturing in 271 days to less than one year has remained stable at 4.75 per cent. Federal Bank will now offer interest rates of 5.45 percent and 5.60 percent on fixed deposits maturing in one year or more but less than two years, while the bank will offer interest rates of 5.75 percent and 5.85 percent on deposits maturing in two years. will offer. 749 days and 750 days respectively from the year.
Fixed deposits maturing in 2222 days will now attract 5.95 per cent interest, and deposits maturing in 2221 days from 751 days will now attract 5.75 per cent interest. On deposits of less than 75 months, 75 months and above 75 months in 2223 days, Federal Bank is now offering interest rates of 5.75 per cent, 5.95 per cent and 5.75 per cent respectively. Federal Bank will continue to offer senior citizens an additional rate of 0.50% over the regular rate and after the interest rate revision, senior citizens will now get a maximum interest rate of 6.60% on deposits maturing in 2222 days and 75 months respectively.
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Interest rates on fixed deposits have also increased DCB Bank And ICICI Bank, This announcement has been made by both the private sector banks today on 22nd June 2022. Post adjustments, DCB Bank increased interest rates by 10 bps on select tenors and ICICI Bank increased interest rates by 5 bps on a handful of tenors relative to fixed deposits below. 2 crore